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A County-Level Model of Manufacturing Plant Recruitment with Improved Industrial Site Quality Measurement

Published online by Cambridge University Press:  08 February 2017

Warren Kriesel  and
Kevin T. McNamara
Warren Kriesel
Affiliation:
Extension Economic Development Department, University of Georgia
Kevin T. McNamara
Affiliation:
Agricultural Economics Department, Purdue University
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Abstract

Empirical analysis of manufacturing plant location requires the use of a single industrial site quality measure. Under hedonic price theory, the price of industrial sites can be explained by their quality characteristics. The estimated site price is included with ten other location factors in an ordered, categorical logit model of plant attraction to Georgia counties. The results inform public decisionmakers of the relative impact of site location factors and how changes in location factors can alter the probability of attracting a manufacturing plant.

Keywords

hedonic priceindustrial sitemanufacturing locationordered categorical logit modelspatial profit maximization
Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 23 , Issue 1 , July 1991 , pp. 121 - 127
Copyright
Copyright © Southern Agricultural Economics Association 1991

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